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s THE CLINTON CHRONICLE Thunfey, February 2,1M1 The “Emergency” Tax Racket When World War II came along the Con gress passed a number of “emergency” tax measures to help finance the war. Since then the “emergency" taxes on various items have been extended year after year. The terms emergency tax has been used by Congress instead of “ss. V tax because the sales tax idea was not popular. There fore, a limited number of industries were penalized with high “emergency” taxes in stead of low general sales taxes. The latest example of the “emergency” tax racket is the one-cent additional federal gas tax enacted last year with the provision that it would expire next June 80th. A move is underway to continue the tax and even increase it above the present federal tax of four cents a gallon. State gas taxes langes from three to seven cents a gallon not count ing state sales and local taxes. In other words, state and federal “sales” taxes on a necessity are some 50 per cent of the price of the product less taxes, 21.00 on every 10 gallon? of gasoline. Is it any wonder the worms (the taxpay ers) are beginning to turn and no longer be lieve their law-makers when they talk'about “temporary" taxes? It is time to call a spade a spade and admit that most temporary or emergency taxes are just an excuse for per manent sales taxes, which legislators are afraid to propose for fear of losing votes. The honest thing to do is to cut out such subterfuges and if needs demand it, estab lish a general sales tax instead of socking a few industries with sales taxes running from 10 to 50 per cent, as with telephones, trans portation and gasoline. The exorbitant tax on gasoline may be the straw that breaks the camel’s back and brings a halt to the deception practiced in the name of “emergency” or “temporary” taxes. The worms are turning against the tem porary tax racket. May Their Advice Be Heeded Current events give special interest to a statement which has been issued by 277 of the nation’s Roman Catholic bishops, includ ing five U. S. cardinals. As reported by United Press International, they view with grave concern a decaying trend toward con formity and call for a revival of traditional ideals of individualism “before it is too late." They find that “we have been faced by a frequent lack of truly responsible lead ership both on the part of management and of labor.” In attaining social welfare goals, they believe, “pressures are growing for a constantly greater reliance on the collectiv ity rather than was the individual.” Further that, “An inordinate demand for benefits, most easily secured by the pressures of or ganization, has led an ever-growing number of our people to relinquish their rights and to abdicate their responsibilities . . . inten- ,sive socialization can achieve mass benefits but man and morality can be seriously hurt in the process.” The statement of these high-ranking churchmen is directed to parents, busirtess- men, labor leaders and to government which has done so much through a philosophy of welfare-statisim, to undermine individualism and personal responsibility. Babson Discusses Life Insurance Stocks Cross Anchor News IIKS. J. L. BOLTON. What Makes Main Street Go? This week throughout the 50 states some 11,000 editors of smaller daily, weekly and semi-weekly newspapers will lock up their forms and “go to press.” Their papers will carry the only broadly circulated written record of the people and events, the prob lems and opinions that shape our lives in the community, the state and the nation. Their editorial pages provide the greatest forum of independent free expression in the world. The value of this in a country where majority opinion will decide ptlblil policies with which we all must live cannot be overestimated. On the pages of these thousands of papers will run the advertising that gives the spark to the engine of private enterprise. Our tre mendous transportation and retailing sys tems, capable of moving and displaying all the nation’s wares, would be of little use un less people knew what products were avail able, at what cost, where they could be pur chased and in addition, were mspired with the desire to buy. <*> Advertising makes Main Street go in every city, town and village throughout the 50 states. The head of every family knows that the only way to find the right price for the quality merchandise desired is to com pare the advertisements, whether the prob lem is making out the week’s grocery list, buying a new house or trading in the old car. Advertising supports the radio and tele vision programs, the magazines and period icals which provide information, news and entertainment and it makes independent newspapers possible. There would be no free press were it not for advertising by the lo cal merchants and industries who support the press but do not control it. Whether you are selling, buying or merely interested in remaining a frde informed citi zen of the United States, advertising per forms a three-sided and indispensable ser vice. R«f«r W Easley Progress: “This country wouldn’t be in such a mess today if the Indians had adopted more stringent immigration laws.” Babson Park, Mass., Feb. 2 —First a word re garding the purchase of life insurance. This should be a MUST for every young person. It should be FIRST in one’s financial program before thinking of real estate, stocks, or bonds. DIFFERENT KINDS OF LIFE INSURANCE Personally, I prefer the simple “twenty-pay ment life” without any endowment or other fring es Get this first. After you are married you can get life insurance to pay the mortgage on your house, or to put your children through college, or to travel in the U. S. or abroad. An endowment policy may be a good way to save money for one who has no patience or self-con- Itrol, but I would rather invest | some other way. I also believe in business insur ance and “estate planning," in which my friend Mr. McMillan of , Memphis, Tenn., has specialized. | This is a newer form which ap- | plies chiefly to those in active j business whose estates would be | severely taxed at time of death. It also shows how by use of trusts, gifts to members of one’s family and to charities, such taxes can be greatly reduced. BUYING LIFE INSURANCE STOCKS But this week I want to write about baying the stocks of life insurance companies. These usually do not yield much income. Their cash dividends are very small and they sell at high prices. The reason is that a growing life insurance company mast continually “plow back” more money for the required legal reserve. You know that life insurance companies are carefully audited by the government, which is another reason for buying them. To offset the siAall cash dividends, the com panies pay generous stock dividends. Some pay such stock dividends every year; while other com panies give a large 60% or more dividend every five years. These stock dividends are non-taxable until you sell the stock received therefrom. As a rule, life insurance stocks are bought only by rich people; but in many cases this is one reason these people are rich! My appeal this week is that small investors buy good life insurance stocks now, al though most bankers and brokers will always claim that such stocks are “too high"} PRESIDENT KENNEDY HELPING LIFE INSURANCE STOCKS One of the planks in President Kennedy's plat form was to help the aged by free medical care and in other ways. The American Medical Asso ciation and the American Dental Association, composed of 275,000 doctors and dentists, are fighting this program. Heretofore, most of the life companies have re fused to insure people over 06 years of age; but if the Kennedy legislation passes, they may insure persons 75 years of age or perhaps older. Not only do the “oldsters” favor this legislation, but also the children of the aged who are thus relieved of providing proper medical and dental care for their parents. Hence, I forecast that President Kennedy will succeed in getting this legislation passed. EISENHOWER AND KENNEDY MEDICAL PLANS COMPARED The Eisenhower Plan whs to provide Federal funds to match State funds for medical aid. The AMA and ADA were willing to approve this, ap parently on the assumption that most states would be niggardly in their appropriations. The Kennedy Plan is to have the movement purely a Federal affair, tying it to the Social Security program It would probably mean a % of 1 per cent boost in the Social Security Tax, to be paid as now— jointly by employer and employee. Either of these two plans should be most bene ficial to the life insurance companies, which are interested in one thing, namely in increasing the health and length of life of the American people. Wherever the money may come from, every doc tor and dentist, every drug 'manufacturer and druggist—and aU devoted children—are interest ed in helping older people and their friends. Mr. and Mrs. A. D. Smith and children, of Pauline, Mr. and Mrs. Edd Stribling, of Laurens, were Sunday guests of Mrs. J. B. Stribling. Mr. and Mrs. Dee Dover spent Sunday with tlx latter’s parents, Mr. and Mrs. L. W. Moore. Mr. and Mrs. Bobby Lee Ed wards of Columbia, spent Sun day with Mr. and Mrs. W. C. Edwards. Mr. and Mrs. C. D. Bishop, Marian, Dean, Beth and Bruce visited Mr. and Mrs. Fred Haynes Sunday. Mr. and Mrs. Wesley Moore, of Newberry, spent Sunday with the latter’s parents, Mr. and Mrs. A. K. Moore. Mrs. R. G. Newman, of Co lumbia, spent Sunday with Mrs. Corrie Owens. Mr. and Mrs. Charles Kelly and daughter, Sherry, spent Sun day in Spartanburg with Mr and Mrs. L. F. Sberbert. Mr. and Mrs. Jerry Snow vis ited Mr. and Mrs. John Waddell Sunday. Mr. and Mrs. Buford Brown and son spent Sunday afternoon with Mr. and Mrs. Buck Brown. Mrs. Eva Harris has returned home after visiting friends in Orangeburg. Mr. and Mrs. M. C. Poole spent the week-end in Charles ton with t5eir daughter and son- in-law, Mr. and Mrs. Joe God frey. Ben Templeton, of Spokane, Washington, is visiting Mr. and Mrs. G. C. Templeton. Keith Haynes spent several days with his parents, Mr. and Mrs. Fred Haynes between se mesters at University of S. C., Columbia. Miss Martha Robinson, of Winthrop College, spent a few days last week with her parents C. L. Casey, of Spartanburg, was a visitor here Saturday. Bobby Lamb visited his moth er, Mrs. Eva Ruth Lamb, be tween semesters at University of S. C., Columbia. Miss Gail Lamb visited Mrs. Frances Meeks in Clinton Sun day. FALLS ON ICE Mrs. Horace Cox is a pa tient in the Woodruff Hospital as a result of a fall in her yard Sat urday. Mrs. Cox, a member of Cross Anchor school faculty, slipped on ice and sustained a broken leg injury. Charles Brewington and Argus Wallace have returned after a week’s stay in Miami, Fla. Eugene Jackson spent the week-end intPittsburg, N. C. Mrs. Ruby Simmons and Bren da Carole were visitors in Wood ruff Monday. CLINTON, 8. C., THURSDAY, FEBRUARY 2, 1961 ijllp (Clinton (Cijronitlr July 4, ISM — WILLIAM WILSON HARRIS - Jade U, 1961 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Parable in Advance) Out-of-County (Me Year $3-00. Six Months $2.00 One Year $4.00 Second Class Postage Paid at Clinton, S. C. The Chronicle appreciate wise they are not ef • far the of Bn subeoibers and renders — the pnhH^ar will at all times advice. The Chronicle wfll publiR) letters ef general intereet < will aet bo enticed. This paper is : Mbs Mm* York, Chicago, Detroit. PhQadeiptds School Lunch Menu Week ef Fab. $-19 MONDAY Milk, fiahAticks, stewed toma toes with rice, grated carrots, pineapple and raisin salad, corn bread, butter, and banana short- sake. TUESDAY Milk, baked pork and beans with beef, steamed cabbage, corn bread, butter, and apple pie. WEDNESDAY Milk, hot dogs, chili with beef, onions, mustard, cole slaw with dressing, green beans, buns, but ter, and plain sake with chocolate icing. THURSDAY Milk, meat loaf, turnip greens with turnips, carrot sticks, corn bread, butter, and sliced peaches. FRIDAY Milk, barbecued beef, fresh candied sweet potatoes', green peas, rolls, butter, fruit cup, grapefruit sections, apples and fruit mix. Hurricane News Of The Week Mr. ‘and Mrs. Edward Craven and David visited Mr. and Mrs Francis Crowder and Gloria in Ninety-Six Sunday. Mrs. W. P. Gastley and Mrs. W. T. Scogln spent Sunday in Charlotte, N. C. Mr. and Mrs. J. O. Haupfear, Roy and Laura, of this city, Mr. and Mrs. Bachman Bishop of Cross Hill, visited the W. D. Bish ops Sunday. Mrs. Forrest Benjamin, Caro lyn Benjamin, Mrs. Myrna Self, Misses Sallie Ann and Stella Duckett of Wattsville, visited Mr. and Mrs. Jesse Duckett and family Sunday. Mr. and Mrs. Cecil Scogin and sons were Sunday dinner guests of Mr. and Richard Fennel and son in GflWnwood. Later in afternoon they visited Mrs. Sco- gin’s sister, Mrs. Wilbur Clark, and Mr. Clark. Mr. and Mrs. Allen Young and A1 motored to Laurens Sunday afternoon. Mac Young, son of Mr. and Mrs. Odus Young, is improving at his home following a tonsilec- tomy at Blalock Clinic on Friday. Mrs. Gene Carter of Mountville, was the overnight guest of Mrs. Charles Young Thursday. OFFICE SUPPLIES CHRONICLE PUB. CO. PHONE 74 Gray Funeral Home 8. C FUNEkAL DIRECTORS EMBALMERS PhMM 41 AMBULANCE 8RRYICB WE PAY 5% | Asaeto »12,0W,000.00 GET CONPLETE COVERAGE! ONE PAYMENT COVERS l PRINCIPAL, INTEREST, TAXES, INSURANCE With a home mortgage with at, you make only mu payment per month — face no sadden large bills at the end of the year. Your monthly loan pay ment takes ears of the interest and principal plaa building a fond for paying your property tax and the monthly payments on your insurance. That's a lot of coverage — and it's tailored to fit your in- well be glad to talk to you about getting it • CITIZENS ® FEDERAL SAVINGS AND LOAN ASSOCIATION 220 w. mah? mr. CLINTON, & C. Clinton Host To Winnsboro, Lancaster Clinton will be host to Winns boro Friday night at the high school gym. This will be the sec ond meetnlg of the two teams, with Winnsboro winning both boys’ and girls’ games early in the season. Saturday evening, February 4,. the Red Devils will also meet Lancaster in an Eastern Division AA conference game. This game was postponed from an earlier date because of weather condit ions. This will be the first meet ing of the season with visiting Lancaster. The girls’ game will start at 7:20 p. m., with the'boys follow ing immediately. Admision Is 35 cents for Students, and 65 cents for adults. Union Defeats Red DevHs In 2 Gomes Union high defeated Clinton in an Eastern Division AA confer ence game on Tuesday of the past week The Union girls won by a score of 49-31, while the Clinton boys were defeated on two last seconds free shots, 50-48. This was the second defeat in the conference for the boys and was the third loss for the Devilettea. Leading scorers for the girts were Shelia Jacks and Clara Belle Hill. The boys were led In the scoring column by Bailey and Littleton. Copeland b Choice For Jaycee Award G. Pringle Copeland ha announced at winner of the Outstanding Young Farmer” award for the Clinton area, spon sored by the Jaycee Chapter. The selection of Mr. Copeland, resident of the Hopewell Com munity near Clinton, was based on his outstanding record of progress in farming, soil and natural conservation practices, and his contribution to the com munity. He will compete iq the state fi nals of the program at • mess ing in Charleston on Feb. 13. Revivol At Joanna Church Of God . Rev. Howard J. Hanley, pastor, announces revival services at the Church of God, Joanna, begin ning Sunday, Feb. 5 through Feb ruary 10. Evangelists Rev. and Mrs. James Simmons of Albemarle, N. C., will copduct the servloee, which begin at 7:30 each evening- The public is invited to attend. OFFICE SUPPLIES CHRONICLE PUR. OO. PHONE 74 /) || ,.//*- “I killed a father ef faur mall children hi accident. He a year —Ms family Us rapport—a Jury award ed them $46,64# lor Us Hen I tit with Sit, asuranee. WonM $56,666-$1M,$66 lararance have cest lees than $16 Wm. J. Bailey Ins. Agency M. & Bailey A Bra Bankers Bldg. PHONE 1242 let's 9o to (hurth Iuiida9 This Series of Messages In Published Each Week by the Fallowing Clinton Firms In the Interest Of Increasing Church Attendance. * IRBY'S MARKET 207 Muagrove Street Johnson Bros. Super Market Sooth Brood 8L GULF OIL CORP. J. \. Addison, Distributor COOPER MOTOR CO. B. Carolina Ayr NEWBERRY 'BANK IRBY’S MARKET 207 St Western Auto Assoc. Store »i JOANNA STORES Joanna, 8. C. BEACON DRiVE-BS Whitmire Hwy. McGEE’S DRUGSTORE )M W. Mai. 8t - C-W-S GUANO CO., Inc. MM. CITIZENS FED. SAV. & LOAN W. Hah 81 COMMUNITY CASH B. FlorMa SC T. E. JONES & Son* Furniture 200 W. lUh 8C SUNSHINE CLEANERS Shot Repair-Shirt Laundry 103 W. I^orida YOUNG BROS. GULF SERVICE